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EUR/USD: Trading the Federal Open Market Committee (FOMC) Meeting
The Federal Reserve interest rate decision may spur a bearish reaction in EUR/USD as market participants look for a more hawkish twist to the forward-guidance.
USD/JPY Bearish Formation in Focus Ahead of FOMC, BoJ Meetings
The bearish formation in USD/JPY may continue to take shape over the near-term should the Fed & BoJ interest rate decisions drag on risk appetite.
FOMC Preview and Trade Setups in EUR/USD, USD/JPY, AUD/USD
Here's a look at key technical levels across the USD-spectrum, as well as an overview of what the Fed might say.
US Dollar, Yen May Rise on Hawkish Shift in FOMC Rhetoric
The US Dollar and the Japanese Yen may rise as a hawkish tone shift in FOMC rhetoric boosts bets on a sooner Fed rate hike and weighs on risk appetite.
Crude Remains At Risk On US Inventories, Gold Braces For FOMC Decision
Crude oil may remain under pressure if upcoming US Inventories Data feeds supply glut concerns, while gold faces significant volatility on the back of the Fed decision.
GBP/USD Threatens Range, Retains Bullish Momentum Despite Soft UK CPI
GBP/USD may continue to threaten the range-bound price action carried over from the previous month as the bullish RSI momentum gathers pace.
Russian Ruble Tumbles Further - Holding RUB Positions Far too Risky
The Russian Ruble continued sharply lower despite an aggressive reaction from the Central Bank of Russia. Here’s why we would avoid holding USD/RUB positions.
Crude Oil, RUB Meltdown Continue - Not Impacting USD Profit Taking
Even as USDRUB moves beyond 70 and higher for the first time ever, the benefits achieved by the US Dollar have been limited.
GBP/USD Bullish RSI Momentum Vulnerable to Slowing U.K. CPI
GBP/USD may face a further decline over the next 24-hours of trading should the U.K. Consumer Price Index (CPI) drag on interest rate expectations.
Pound May Weaken on UK CPI, Euro to Look Past PMI Data
The British Pound may weaken as soft UK inflation data undermines BOE rate hike bets. The Euro may overlook December’s preliminary set of PMI figures.
Crude Continues To Crumble, Silver Leads Precious Metals Lower
The commodities space saw a sea of red at the outset of the week as USD gains kept pressure on the precious metals, while supply glut concerns weighed on WTI.
Russian Ruble Plummets and Here’s How We Might Trade the Clear Trend
The Russian Ruble continues its plunge versus the US Dollar, and the overall trend is crystal-clear. Yet buying USDRUB seems exceedingly risky; we look at these alternatives.
AUD/JPY Short Scalps Eye Interim Support at 96.50 Ahead of RBA
The sell-off is approaching an area of technical support with shorts at risk near-term above 96.50. Here are the updated targets & invalidation levels.
Trading Outlook on Make or Break Week Ahead for US Dollar and Yen
It’s shaping up to be another big week for the US Dollar, Japanese Yen, and broader forex markets. These strategies stand to do well amid strong FX volatility.
AUD/USD Downside Target in Focus Ahead of RBA Minutes, China PMI
AUD/USD may weaken further over the next 24-hours of trade should the RBA Minutes along with the data prints out of China drag on interest rate expectations.
ST Technicals Offer Moment of Reflection in EUR-crosses
A reestablishment of short sellers back at the early-November levels could bring about the new wave of downside in the EUR-crosses.
Yen May Retreat as Aussie Dollar Gains on Risk Appetite Recovery
The Japanese Yen may retreat while the Australian Dollar bounces amid a corrective recovery in risk sentiment trends following last week’s sharp selloff.
Positioning Unwind May be Driving Factor, Not QE, for Euro
Euro bulls shouldn’t get too comfortable, as short covering is only producing a mild upswing in price – for now.
Weekly Trading Forecast: Will the Fed Rate Decision Curb or Accelerate the Market’s Tumble?
Volatility soared this past week with both the Dollar and S&P 500 suffering. With a round of high level event risk - the Fed decision included - this week is unlikely to be the typically quiet year-end liquidity drain.
Dollars Six-Month Bull Trend Rides on FOMC
The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped this past week for the first time since the mid-October, market-wide slump.
Gold Rally Vulnerable to Hawkish FOMC - $1237 Key Resistance
Gold prices are markedly higher this week with the precious metal rallying 2.5% to trade at $1222 ahead of the New York close on Friday.
Australian Dollar May Drop Out of Range on FOMC, RBA Minutes
The Australian Dollar may break out downward as the FOMC policy announcement and minutes from December’s RBA meeting fuel policy divergence bets.
USD/JPY Outlook to Remain Bullish on Fed, BoJ Policy Divergence
The near-term outlook for USD/JPY remains mired by Japan’s December 14 snap election, but the ongoing deviation in the policy outlook should continue to produce a further advance in the exchange rate.
British Pound May Finally Mount a Sustained Recovery versus USD
The British Pound finished the week modestly higher but continued to trade in a tight range versus the US Dollar.
GBP/USD Threatens Bearish Formation Ahead of BoE Minutes, Fed Meeting
GBP/USD continues to threaten the bearish trend carried over from July ahead of the Bank of England (BoE) Minutes and the Fed’s interest rate decision.
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